Japanese technology company Fujifilm Holdings Corp has admitted that the financial impact of accounting irregularities it has recently uncovered will be 70% higher than its original estimate, after it found problems at a second subsidiary, in Australia, as well as existing issues with its New Zealand operation

In HMRC's ever growing arsenal of anti-avoidance measures, the targeted anti avoidance rule (TAAR) can only apply if the taxpayer is liquidating and not selling their business, explains Pete Miller, director of The Miller Partnership, but advisers and businesses need to make sure they understand the potential tax liability of capital distributions

US companies are increasingly dissatisfied with the quality of their auditors and more of the major listed entities are changing their auditors more frequently, although this is not a regulatory requirement in the US 

Leyton Orient Football Club has avoided going out of business after the High Court dismissed a winding up order against it

Edinburgh-headquartered Scottish firm Chiene + Tait has announced a further expansion with the opening of a Glasgow office, which will spearhead its push into the corporate finance market

Time management has become something of a pseudoscience with books, courses and to-do lists to enable us to organise our time better, but the irony is this all requires time. Gudrun Limbrick, lead consultant at WordWorks, looks at the effectiveness of time management and provides some handy tips on getting your work life under control

The EU regulators are consulting on draft regulations specifying how credit and financial institutions should manage money laundering and terrorist financing risks where a third country's law prevents the implementation in their group-wide policies and procedures

Jeremy Woodside and Chris Ratten, partners at RSM restructuring advisory, have been appointed joint administrators to a group of Lancashire textile businesses, which they have sold out of administration in a deal which saves over 100 jobs and maintains continuity of service to customers

The ICAEW’s annual general meeting (AGM), held today in London, has a £10 rise in the annual membership fee and the introduction of a new process through which ICAEW can issue fixed penalties for certain types of minor, designated complaints, while new president Nick Parker has criticised the government’s lack of financial management expertise

Gender diversity is being led from the top according to research by Deloitte, which found that companies with a female CEO or board chair have almost twice as many women on the board as companies led by men

After a raft of senior departures from HMRC, two temporary director generals have been appointed to replace Jennie Granger and Ruth Owen at the tax authority on an interim basis, taking over responsibility for the critical portfolios of business tax, Making Tax Digital and compliance, and customer services, although neither are permanent appointments

There are claims that ‘hundreds’ of KPMG partners could face large tax bills as a result of an ongoing and unresolved dispute between HMRC and the firm over historic eligibility claims